Hacker News new | ask | show | jobs
by hello_marmalade 2353 days ago
Reasons to use a credit union. People should be moving away from all these banks that essentially only abuse people on every level and move toward cooperative financial institutions.

Alternatively, better banks like Aspiration, which is a B Corp, but I wouldn't put all my money on that.

2 comments

Reasons to use a credit union

Reasons to use some credit unions. Just as there are good banks and bad banks there are good credit unions and bad credit unions.

When I wanted to buy my first house, I called the biggest local credit union to find out what the process would be like. Nobody would speak to me on the phone until I went to their web site and filled out a "pre-qualification" form that would then decide if I would be given a different phone number to call and speak to someone to set up an appointment to meet someone in person.

No thanks. I took my real money to a real bank.

Why not just have everything in Fidelity or Vanguard?

Fidelity has free checks, debit withdrawals from any ATMs, easy ability to buy/sell stocks and index funds.

Their software could be better, but it's okay enough.

I'm not sure why anyone uses the other banks?